Reuters

Bomb Explodes At New Jersey Train Station As Police Discover Five Explosive Devices

One day after an IED exploded in a busy midtown Manhattan sidewalk, an explosion took place at a train station in Elizabeth, New Jersey, after a suspicious backpack was found. The detonation was "not controlled", the city's mayor said. the FBI has questioned five people in connection with Saturday’s Manhattan blast.  Elizabeth's mayor, Christian Bollwage, said the blast occurred when authorities were trying to "disarm" the backpack, and that the explosion was not controlled.

Frontrunning: September 19

  • Global Stocks Rise, Buoyed by Commodities (WSJ)
  • For Yellen, a September Fed surprise could close confidence gap (Reuters)
  • Robot detonates New Jersey device in latest bomb discovery (Reuters)
  • Syria Truce Hangs in Balance Amid Attacks, Lack of Aid (WSJ)
  • Merkel’s Party Suffers Worst Berlin Loss of Postwar Era (BBG)
  • China’s Home Prices Rise Most in Six Years as Sales Gain (BBG)

Wells Fargo Sued By Customers Accusing It Of "Fraud And Reckless Behavior"

The bad news for Wells Fargo CEO John Stumpf keep getting worse. After it was reported that Stumpf was expected to testify before Congress this week, over the weekend we learned America's largest mortgage lender and until recently the largest bank by market capitalization, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior.

US Desperately Pumps "Humanitarian" Smokescreen For Failing Syria Ceasefire

Washington’s lie about seeking a genuine ceasefire in Syria is in danger of being exposed for the world to see. So, hilariously, a charade is being hurriedly orchestrated in order to hide this ignominy. As usual, the Syrian government is being scapegoated for the real cause of violence in the country. That real cause is Washington’s state-sponsored terrorist-fueled war for regime change.

Why Beijing Desperately Needs A Recession

Beijing should recognize the mainland economy’s need for a recession now. It really is time to reconsider rustbelt industries and low margin export processing that trades on suppressed wages. Recession is the part of the cycle is where you say, “Ouch, got that wrong somewhere, it seems. Let’s think about this again." But Beijing is furiously pushing back against every natural force that would bring the mainland economy into a long delayed and much needed recession.

"Buy, Hold, & Pray" Is Not An Investment Strategy

The American consumer is stressed-out, and tapped-out. There are many reasons why Americans have become reluctant shoppers, such as stagnant incomes and rising debt loads, but one of the underappreciated challenges is a distinct change in spending psychology.

Frontrunning: September 16

  • Deutsche Bank to fight $14 billion demand from U.S. authorities (Reuters)
  • Exxon’s Accounting Practices Are Investigated (WSJ)
  • European leaders seek elusive 'road map' after Brexit shock (Reuters)
  • Johnson Said to Tell Italy Exit Talks Likely to Start Early 2017 (BBG)
  • Brexit Bulletin: Merkel Sings the Bratislava Blues (BBG)